Yahoo! climbs 3pc as shareholders meet

With Yahoo shares up nearly 60 per cent since Marissa Mayer took over as chief executive, shareholders face a company rejuvenated with optimism.
Photo: Reuters

Yahoo!
met with shareholders today in what was a more celebratory gathering than years past.

With Yahoo! shares up nearly 60 per cent since
Marissa Mayer
took over as chief executive, shareholders face a company rejuvenated with optimism.

Shares of Yahoo! rose more than 3 per cent to $US24.90 ($26.92) in midday trading.

Mayer said that the company is continuing its advances in mobile, noting that its development comes first.

She pointed to the recent product makeovers of Yahoo! Weather and Flickr apps, saying the photo-sharing site's mobile app has seen a 50 per cent increase in photo uploads, according to a report from CNBC.